v3.19.3
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues, net of allowances        
Total revenues, net of allowances $ 4,784,087 $ 3,460,150 $ 14,560,898 $ 11,925,629
Cost of Goods Sold        
Total cost of goods sold 3,304,118 2,806,041 10,726,293 9,221,071
Gross profit 1,482,969 654,109 3,834,605 2,704,558
Operating expenses:        
Selling, general and administrative expenses 3,549,480 1,918,613 8,807,483 4,641,290
Litigation expense 1,192,488
Research and development 391,460 591,489 1,521,503 1,446,913
Total operating expenses 3,940,940 2,510,102 10,328,986 7,280,691
Loss from operations (2,460,970) (1,885,993) (6,494,380) (4,576,133)
Other income (expense)        
Interest expense (288,152) (1,152,681) (456,690) (2,561,482)
Change in fair value of warrant derivative 59,780 4,769,363
Total other income (expense) (228,372) (1,152,681) 4,312,673 (2,561,482)
Loss before provision for income taxes (2,689,342) (3,008,675) (2,181,707) (7,137,615)
Provision for income taxes
Net loss $ (2,689,342) $ (3,008,675) $ (2,181,707) $ (7,137,615)
Basic and diluted net loss per share        
Basic net loss per common share $ (0.09) $ (0.41) $ (0.11) $ (0.97)
Basic weighted average common shares outstanding 30,844,557 7,359,000 19,061,790 7,359,000
Diluted net loss per common share $ (0.09) $ (0.41) $ (0.11) $ (0.97)
Diluted weighted average common shares outstanding 30,844,557 7,359,000 19,061,790 7,359,000
Metal Goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances $ 2,527,734 $ 1,510,873 $ 6,443,984 $ 5,369,713
Cost of Goods Sold        
Total cost of goods sold 1,759,091 1,268,825 4,733,524 4,325,522
Soft Goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances 2,256,353 1,949,277 8,116,914 6,555,916
Cost of Goods Sold        
Total cost of goods sold $ 1,545,027 $ 1,537,216 $ 5,992,769 $ 4,895,549

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